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China deflation feared as producer prices fall anew

Fears of deflation in China intensify as producer prices in August plummet for the 42nd time in a row. The decline is attributed to lower demand as well as duplication of industries across China.

Sep 14, 2015 1:36 AM EDT

News

Serbia cuts rates for 2nd time this month

Serbian's central bank slashed interest rate for the second month in a row. Though it was on expected line, but the suddent announcement surprised everyone. The move aimed at strengthening economy growth. the GDP growth rate is at low ebb, but it's recovering from the previous year's contraction.

News

Jeff Bezo's space firm joins Lockheed-Boeing rocket venture

Lockheed-Boeing joint venture, United Launch Alliance is planning to expands their partnership with Blue Origin. The news comes in as Aerojet Rocketdyne Holdings offer a cash bid of $2 billion to buy the venture.

Qualcomm aims to be the go-to chipmaker for drones with new Snapdragon Flight

Qualcomm aims to be the go-to chipmaker for this technology with its latest Snapdragon Flight by specifically catering to consumer drones and robotics.

Polish mobile networks Plus and Play against government's plan to shorten high-speed internet bidding period

Polish mobile network operators Plus and Play wants the government to scrape plans to shorted the bid period for the high-speed Internet frequencies, because they believe it would penalize some bidders.

Sep 13, 2015 10:34 PM EDT

Alpine Valley Bread will become a subsidiary of Flowers Foods Inc.

The organic bread maker, Alpine Valley Bread will soon become a subsidiary of Flowers Foods Inc. once the transaction becomes completed in Q4. Alpine was established in the late 1990's by the Woods family baking breads using all-natural ingredients.

Sep 11, 2015 9:14 AM EDT

Japan's Nikkei turns negative for the year to date

Japan's Nikkei dipped into negative territory for the year following a 2.4% plunge Tuesday. Despite better-than-expected growth in the second quarter, investor sentiment was weighed down by weak trade data from China.

Sep 11, 2015 9:10 AM EDT

Drop in UK export brought fears for pound's stability

UK is now manufacturing less because of the large decline of goods for exports especially weapons. This brings back the fear of the pound's stability in the shaky global economic recovery.

Sep 11, 2015 9:09 AM EDT

Toyota suspends production at three Japan plants due to heavy rains

Toyota announced the company will suspend its day production in three plants located in Miyagi until further notice, as a safety precaution. Japan have been hit by flood after Typhoon Etau hits the country.

Sep 11, 2015 9:06 AM EDT

T-Mobile's New $20-a-month iPhone 6S Deal Defeats Apple's Own Rate; Offer Deemed Too Good to be True

T-Mobile’s Jump on Demand plan shines like a good deal but only for T-Mobile loyals, according to several expert opinions.

Sep 11, 2015 8:59 AM EDT

Czech Inflation Slows by 0.3 percent as Central Bankers Plans on Price Growth

The Czech inflation rate dropped to 0.3 percent in August, from July’s 0.5 percent, as reported by Czech Statistical Office Wednesday.

Sep 11, 2015 8:52 AM EDT

Avon to raise funds via PE, stake sale; stock turns volatile

The US-based beauty products company Avon is making every effort turn it around. To raise the funds, the company is tapping PE route in addition to exploring stake sale. After the fund raising news hit the market, shares become highly volatile on NYSE.

Sep 11, 2015 8:47 AM EDT

Lockheed Martin Corp. files protest over U.S. Army's award of a $30B project to Oshkosh Corp

Lockheed Martin Corp. had filed a protest with U.S. Governemtn Accountability Office to overturn U.S. Army contract awarded to Oshkosh Corp. Results will be out on December 17.

Sep 11, 2015 8:45 AM EDT

Freeport-McMoRan hires JPMorgan to help explore options

Freeport-McMoran hires JP Morgan after activist investor Carl Icahn said that teh company is undervalued and in need of corporate change.

Sep 11, 2015 8:41 AM EDT

U.S. stocks scored high as investros wait for Fed decision

The S&P 500 gained 0.5 percent on Thursday evening with Apple Inc. stock, boosting the index with an increase of 2.2 percent. However, investors are still cautious as policy makers are set to hold a meeting next week to decide regarding rate hike.

Sep 11, 2015 8:36 AM EDT

GE sells transport finance unit to BMO

The US-based global major General Electric has decided to sel the transportation finance unit of GE Capital to BMO Financial Group. GE has decided to focus on its core industrial segment, while disposing non-interest business divisions. It has set a target of $100bn for 2015 through asset sale.

Sep 11, 2015 8:28 AM EDT